Matt Bacak Explains How International Trade can Boost a Business and Increase Profit Margins

What Business owners need to know about International trade

(EMAILWIRE.COM, March 18, 2008 ) Suwanee, GA –Many business owners operating a small business may think their income potential is quite limited. However, they can increase and diversify their income through international trade. Following is a list of guidelines as explained by internet business guru and #1 best selling author, Matt Bacak.

1. Importing

Retail store owners can find additional products to sell from foreign manufacturers, distributors, and other suppliers. Advantages of importing include increased product selection, lower costs, and increased income. They may even decide to go exclusively into the import business and become a wholesale distributor.

2. Exporting

Manufacturers can find new customers for their products in foreign countries.
Perhaps consumers in their country have lost interest in their product. It may have become obsolete because of technological advances. A foreign market, however, may be desirous of that very product. Maybe there is an economic slump in their country. Another country may be experiencing a boom. Sales from customers in that country may help stabilize their income. Exporting can also help smooth the peaks and valleys of their income.

For instance, if they sold winter sporting goods, they could sell to both northern and southern hemispheres to help offset the seasonal nature of their business. Of course, they might also consider selling sporting goods for all the seasons and still export to other countries to increase and diversify their income. They could also become an Export Management Agent. Arrange for other domestic companies to sell their products to foreign corporations and earn a ten percent commission.

They would think that selling to foreign customers would be quite risky. However, use of letters of credit can protect all parties. An Export Management Agent might actually arrange for ninety percent of the sale to be paid directly to the domestic supplier and ten percent to be paid directly to him.

3. Licensing

Business owners can earn royalties by arranging for foreign corporations to manufacture and sell the products of domestic companies.
4. Finder’s Fees

Business owners can earn fees from domestic companies for finding foreign buyers (or for finding suitable imports from foreign suppliers). They can also earn fees from foreign companies for finding domestic corporations that will buy their products (or for finding suitable suppliers and products from domestic corporations).

5. Drop Shipping

The benefit is receiving an order from a customer based in a foreign country without having to be bothered with shipping and handling the product. No customs declarations or brokers are required by them. This is because their drop ship supplier is handling those details. They might collect $100.00 plus shipping of $15.00 from their foreign customer. They then simply send their customer’s order to their drop ship supplier with their payment of $65.00 (consisting of $50.00 wholesale cost plus $15.00 shipping). Their drop shipper will now fulfill the order. Congratulations! They just made fifty dollars.

6. Mail Order

Business owners can add a mail order service to their existing business operation. Manufacturers, retail stores, and other businesses can increase their sales by using this additional method of selling that is very conducive to international trade.

Matt Bacak, The Powerful Promoter and Entrepreneur Magazine e-Biz radio show host, became a "#1 Best Selling Author" in just a few short hours. He has helped a number of clients target his specialty, opt-in email direct marketing systems. The Powerful Promoter is not only a sought-after internet marketer but has also marketed for some of the world's top experts whose reputations would shrivel if their followers ever found out someone else coached them on their online marketing strategies.

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Remember, it's not only what they know, but who they learn it from. Learn from someone who is more successful then you. Learn the tricks of the trade and http://www.powerfulpromoter.com [internet marketing tips] from someone that has actually built wealth and not just written a book about it. Forget the past. It does not matter who they are or where they came from. Everyone deserves to be a millionaire.

Contact Information:
Stephanie Bunn
2935 Horizon Park Drive, Suite D
Suwanee, GA 30024

(770) 271-1536
http://www.internetmillionairemind.com